The annuity rate is the equation used to convert an accumulated pension fund into a regular income in retirement.
The factor used in this equation will depend on the type of annuity that is being bought, for example whether it is single or joint life, level or increasing each year, as well as your age and health. Annuity rates vary between providers, so it is best to shop around for the best rate before buying an annuity. Annuity rates can also be affected by interest rates, inflation and the return on Government bonds.

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Pension Glossary

frozen-pension-release.co.uk is a UK pension service with connections with advice companies throughout the United Kingdom. We do not offer advice or recommendations on Financial products ourselves. We offer guidance on where to go to get information and advice. We do our best to keep all the information in articles and guides up to date and accurate.

Past performance is not a guide to future returns and the value of investments and income can go down as well as up.